Global Silicone Fluid Market - 2022-2029

Global Silicone Fluid Market - 2022-2029

Market Overview

The global silicone fluid market size was worth US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).

Silicone fluids are transparent and colorless liquids. These liquids have a strong heat and cold resistance. Silicone fluids have a very low viscosity change across a large temperature range. Silicone fluids are also known for having mold releasability, lubricity and defoaming capabilities, among other things. Silicone fluids can endure extremely low temperatures and still flow at -65°C.

Furthermore, silicone fluids have little to no negative impact on metals and other materials. Silicone fluids are almost inert at room temperature and affect alkali solutions. These fluids have significantly lower surface tension than water and typical synthetic oils.

Silicone fluids have stronger and more stable bonds, making them more resistant to harsh environmental processing and operating conditions. These fluids are non-toxic and inert and gas and water vapor permeable. Power transmission, medical support cushions, lubricants, silicone aerosol sprays, damping fluids, automotive polishes and dressings additives, heat transfer fluids, high-temperature oil baths and water repellent treatment of textiles and powders are just a few of the industrial applications for silicone fluids.

Market Dynamics

The superior properties of silicone fluid have made the product versatile, creating demand in various industries.

The superior properties of silicone fluid have made the product versatile, creating demand in various industries.

Silicone fluids are highly adaptable products that are employed in a variety of sectors. UV stability, hydrophobicity, heat resistance, glossiness, transparency, radiation resistance, durability, adhesion, foam control, dielectricity, discharge safety and flexibility are some of the distinctive features that allow them to be used in a variety of ways. Silicone fluids are utilized in various applications, including resilience to extreme weather conditions.

Furthermore, to withstand outdoor exposure, silicone fluids can adjust to extreme temperature changes (from -76°F to 572°F) and have high stability against all forms of radiation, notably UV. It's also used in the electrical and electronics industries because of its high electrical resistance.

Furthermore, silicone fluid improves the performance of automobiles by providing excellent oil and coolant resistance, high heat resistance and a low compression set. As a result, silicone fluids are majorly employed in the automotive sector. In recent years, automakers have focused on improving car safety regulations and finding solutions to meet the regulations.

A vehicle's systems are constantly improved with the latest technology to improve fuel economy, comfort (climate control and global positioning system) andentertainment. As a result, silicone fluids are frequently used in these systems. Because of their remarkable qualities, manufacturers can deliver tailored solutions for their client's specific needs.

For instance, In March 2021, Elkem ASA opened a new Asia-Pacific workshop to produce low-viscosity silicone fluids for the personal care, textile and leather industries. The new manufacturing facility is in Xinghuo, China.

Stringent regulations and fluctuating raw material prices are hurdling the market growth for silicone fluid products

Most silicone fluid products have no restrictions on their use. However, certain regulatory agencies in some countries govern the use of a few silicone fluid products, particularly in the personal care and beauty products and medical and healthcare industries. The usage of two silicone fluid products, cyclosiloxanes D4 and D5, which are used in the cosmetics and personal care industries, is restricted by the UK Competent Authorities and the European Chemicals Agency (ECHA).

In personal care products, these chemicals are required to be confined to a concentration of 0.1% by weight. Their usage is also limited in Canada and U.S. and the UK. These regulations and licensing processes are time-consuming, limiting the silicone fluids market's expansion in these industries.

Furthermore, Silicone fluid producers continuously face high and volatile feedstock costs and are expected to increase the price to end-users. For example, prominent silicone fluids manufacturers such as Wacker and Elkem recently raised the prices of their silicone fluid products to account for rising raw material and energy costs. As a result, fluctuating raw material and energy prices have become a key concern for silicone fluid manufacturers.

COVID-19 Impact Analysis

Emergency protocols have been implemented with the surge of COVID-19 cases and the suspension of numerous operations and facilities in 2020. The COVID-19 outbreak in Wuhan, China, has spread to key Asia-Pacific, European and North American countries, hurting the silicone fluids business because most worldwide corporations have headquarters in these areas. The impact of COVID-19 produced supply chain disruption, which delayed market expansion due to a scarcity of raw materials and personnel shortage.

In 2019, Asia-Pacific was the major importer of silicone oil; however, the COVID-19 outbreak has harmed silicone demand, reducing industrial activity in nations like China, India and others. The top importer of silicone-based products was China.

The COVID-19 pandemic had little impact on the silicone fluids industry in 2020, with a small reduction in CAGR. Reduced raw material output, supply chain disruptions and restricted trade movements will affect the market in 2020. The pandemic impacted end-use industries, including building and construction, textiles, automotive and transportation.

Segment Analysis

The global silicone fluid market can be segmented on type, application, end-user and region.

Modified silicone fluids are utilized in a varied range of applications such as in cosmetic ingredients, resin modifiers, textile treatment agents, wax additives, water repellents for building applications and release agents, among other things

The global silicone fluid market is segmented into types, straight and modified. Modified silicone fluid is the largest process segment out of the mentioned type and is likely to remain so for the forecast period. Modified silicone fluids are silicone fluids having organic groups added to the ends and side chains. The dimethylpolysiloxane alteration adds features like water solubility, emulsifying properties, water repellency, paintability, anti-static properties, softening qualities andlubricity dimethylpolysiloxane.

Modified silicone fluids are utilized as cosmetic ingredients, resin modifiers, textile treatment agents, wax additives, water repellents for building applications and release agents, among other things. They're also utilized in various sectors to improve the performance of existing polymeric materials and create new ones. There are two forms of modified silicone fluids: reactive and non-reactive.

For instance, on May 4, 2020, WACKER expanded its silicone portfolio for hair care products by adding two new products. The product portfolio includes the silicone fluid emulsion BELSIL DM 3200 E and the gloss agent BELSIL PF 100, a modified phenyl silicone fluid. Both goods are available in the market. WACKER also debuted an online display of its new anti-pollution composition, which shields the skin from dangerous environmental impacts.

Geographical Analysis

Asia-Pacific had the largest market share due to high domestic demand, simple availability of raw materials and low-cost labor

Regarding value, Asia-Pacific had the largest market share of around xx % in 2020. One of the major drivers of silicone industry expansion in this region is the tremendously expanding population and rapid urbanization. Asia-Pacific is a profitable market for producers looking to acquire market share and enhance profitability because of the high domestic demand, easy availability of raw materials and low-cost labor.

Silicone fluid manufacturers are eyeing this country because of the ease of setting up manufacturing facilities, low production costs and the possibility to serve local expanding markets better. In the future, the fastest developing markets for silicone fluids are predicted to be India and China. The demand for these fluids is predicted to rise in U.S. and Europe due to technological advancements and continuous innovation.

However, due to the maturity of the silicone fluid industry in North America and Europe, the fluid's chances will be restricted and the market's growth will likely transfer to Asia-Pacific and the Rest of the World.

Competitive Landscape

The global silicone fluid market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Dow, Saint Gobain, DuPont, Wacker Chemie AG, Clariant International Limited, Quantum Silicones, Caledonia Investments and Elkem ASA, Momentive and Shin-Etsu Chemical Co., Ltd and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the silicone fluid market

In January 2019, Innospec Inc. announced a series of investments at its three core locations: Salisbury, North Carolina and Ellesmere Port, to further improve its research, development and technical service for its performance chemicals business.

Dow

Overview: Dow is a multinational corporation that focuses on manufacturing plastics, chemicals and hydrocarbons. The company has segmented its product portfolio into 22 categories in beauty and personal care, automotive and transportation, building, construction and infrastructure, chemical manufacturing and industrial, consumer goods and appliances and other industries. In April 2019, DowDuPont completed the division of its materials science business and Dow Inc. and became the parent company of TDCC and its consolidated subsidiaries. The Dow chemical company operates in around 106 manufacturing sites in 31 countries and has expanded in America, Asia Pacific, Europe and Middle East & Africa regions

Product Portfolio:

XIAMETER PMX-200 Silicone Fluid 50 cSt: The product is a polydimethylsiloxane fluid used as a base fluid in personal care products. The product gained popularity in the personal care industry due to its excellent spreading and unique volatility characteristics. The product is clear, tasteless, essentially odorless and nongreasy.

Key Development

In March 2020, Dow expanded its silicone intermediates and downstream portfolio, from silicone fluids to adhesives and sealants, at its Zhangjiagang manufacturing site.

Why Purchase the Report?
• Visualize the global silicone fluid market segmentation by type, application, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the global silicone fluid market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global silicone fluid market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global silicone fluid market report would provide approximately 61 market data tables, 62 figures and 202 pages.

Target Audience 2022
• Service Providers/ Buyers
• Automotive Companies
• Research Laboratory
• Manufacturers
• Logistics companies
• Distributors